Cooperation between the Ministry of Finance and the Central Bank of Cyprus is necessary to keep the country’s economy in the right framework of financial stability, especially under the current geopolitical conditions, Finance Minister Makis Keravnos has said. He was speaking on 22 April, following his meeting with the newly appointed Governor of the CBC, […]
The archaeological site at the Paphos gate on the western edge of Nicosia’s walled city is now open for visitors. “Through the antiquities department’s excavations in the area, the importance of the gate is one of the main access points to Nicosia’s walled city,” Deputy Culture Minister Vasiliki Kassianidou said. She said the gate had “timeless […]
The Old municipal market of Nicosia has been getting a revamp. Recently renovated as the CYENS Centre of Excellence took hold of the downtown building, the market is now ready to reveal its new look. A grand opening event on Tuesday will bring together politicians, performers and the public. Almost 60 years after its construction, […]
The ongoing debate over multiple pensions for former and current state officials has taken center stage in Cyprus, with the Cypriot government facing criticism from political parties and the country’s Audit Office. Finance Minister Makis Keravnos convened a meeting with parliamentary parties to address the issue, but only representatives from two parties attended. The absence […]
Cyprus ended 2023 with a fiscal surplus of 918.7 million euros, the country’s Statistical Service (CyStat) said on Monday. However, the country still has a significant debt of €23.03 billion, which is about 77.3% of its total economic output. On the revenue side, Cyprus saw a big boost in the money it collected. Total revenue […]
Travel Expo Cyprus 2024, organised by the Association of Cyprus Travel and Tourism Agents (ACTA), kicked off during the weekend, April 19 to 21, with a wave of optimism for the new tourist season. The exhibition, attended by 45 exhibitors, was inaugurated at the state fair grounds in Nicosia. The event saw the joint inauguration by the Deputy […]
The first quarter of 2024 has ended with an increase of 5. 4%, in tourist arrivals, compared to last year, Deputy Minister of Tourism Costas Koumis has confirmed. He was speaking to reporters on the sidelines of the 20 April Fish Festival taking place in Polis Chrysochous of Paphos district. “You understand that we are […]
The Ministry of Finance, the Swiss depository, SIX, and the Cyprus Stock Exchange have announced the ‘Go Live’ of the dual- listing of the EMTN of the Republic of Cyprus at the Cyprus Stock Exchange. The first Trading Day in the EMTN officially commenced on 27 March. According to a Ministry of Finance press release, […]
Here are the top business stories in Cyprus from the week starting April 15: In recent developments from Cyprus, Marinos Christodoulides, President of the Cyprus Stock Exchange (CSE), emphasised the significance of enhancing the bond market and introduced European Medium-Term Notes (EMTNs) by the Republic of Cyprus into the CSE. These initiatives are part of broader ambitions to expand […]
This spring season will bring a unique spectacle of local and Japanese cherry blossoms. The sight is so magnificent that a Japanese Cherry Blossom festival is organised for the first time in Cyprus, specifically at Sakura Park in Kambos. This Sunday, the Kambos Community Council, the Kambos-Tsakistra Development Cultural Association and the Embassy of Japan […]
The Cyprus Securities and Exchange Commission (CySEC) has called for financial education to be included in the core curriculum in schools as it completed its rich and targeted activities program for this year’s Global Money Week 2024 (GMW 2024). The GMW campaign is an international initiative dedicated to enhancing financial literacy, especially among the youth. As pointed […]
The Commonwealth and the Republic of Cyprus have taken a significant step forward by signing a three-year Memorandum of Understanding (MoU) for the establishment of a Commonwealth Blue Charter Centre of Excellence in Larnaca. This initiative aims to strengthen governance for a sustainable blue economy and support scientific research for ocean protection. Notably, under Cyprus’ […]
Hellenic Bank and bank workers’ union (Etyk) clinched a deal over collective agreements on Friday, after a government-supported mediation process. Labour Minister Yiannis Panayiotou heralded the development “after a long period of disagreements”. He described it “as an important day for labour relations in the banking sector.” Panayiotou had submitted a mediation proposal which both Hellenic Bank […]
The Lamda Development group announced a new record high for 2023 on Wednesday. Its consolidated operating result (EBITDA) for 2023 showed profits of 206 million euros, a 69% increase compared to €122 million in 2022. The group’s total EBITDA before asset valuations and other adjustments amounted to a profit of €132 million in 2023, compared […]
The Cyprus Securities and Exchange Commission (CySEC) has called for financial education to be included in the core curriculum in schools as it completed its rich and targeted activities program for this year’s Global Money Week 2024 (GMW 2024). The GMW campaign is an international initiative dedicated to enhancing financial literacy, especially among the youth. As pointed […]
Anexartisias in Limassol will be converted into a one-way street according to the decision of the Municipal Council, as a temporary solution and until the proper conditions for it being opened only to pedestrians are created, something considered difficult amid conditions in Cyprus. Essentially, cars will enter from Pentadromos in the direction of the sea […]